Yesterday, an analyst has provided a rating update for Aecon Group Inc. (TSX: ARE). Analyst Derek Spronck from RBC Capital remains neutral on the stock and has a C$20 price target.
According to TipRanks.com, Spronck is ranked #447 out of 4873 analysts.
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Currently, the analyst consensus on Aecon Group Inc. is a Strong Buy with an average price target of C$21.07, representing a 13.0% upside. In a report issued on October 23, AltaCorp Captial also reiterated a Hold rating on the stock with a C$19.50 price target.
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Aecon Group Inc.’s market cap is currently C$1.12B and has a P/E ratio of 30.3. The company has a Price to Book ratio of 1.41.
Aecon Group, Inc. engages in construction and infrastructure development. It operates through the following segments: Infrastructure, Industrial, and Concessions. The Infrastructure segment includes all aspects of the construction of both public and private infrastructure, primarily in Canada, and on a selected basis, internationally.
The company’s shares closed on Monday at C$18.64.
